Norway Dna Synthesis Market Size & Outlook, 2023-2030
Norway dna synthesis market, 2018-2030 (US$M)
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Norway dna synthesis market highlights
- The Norway dna synthesis market generated a revenue of USD 30.2 million in 2023 and is expected to reach USD 61.0 million by 2030.
- The Norway market is expected to grow at a CAGR of 10.6% from 2024 to 2030.
- In terms of segment, oligonucleotide synthesis was the largest revenue generating service type in 2023.
- Gene Synthesis is the most lucrative service type segment registering the fastest growth during the forecast period.
Dna synthesis market data book summary
| Market revenue in 2023 | USD 30.2 million |
| Market revenue in 2030 | USD 61.0 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Oligonucleotide synthesis |
| Fastest growing segment | Gene Synthesis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oligonucleotide Synthesis, Gene Synthesis |
| Key market players worldwide | Thermo Fisher Scientific Inc, Twist Bioscience Corp, Codexis Inc, LGC Group, Eurofins Scientific SE, Genscript Biotech Corp Class H, Bioneer, IBA Lifesciences, Danaher Corp, Quintarabio |
Other key industry trends
- In terms of revenue, Norway accounted for 1.0% of the global dna synthesis market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany dna synthesis market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 502.8 million by 2030.
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DNA Synthesis Market Scope
DNA Synthesis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Norway dna synthesis market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dna synthesis market will help companies and investors design strategic landscapes.
Oligonucleotide synthesis was the largest segment with a revenue share of 55.3% in 2023. Horizon Databook has segmented the Norway dna synthesis market based on oligonucleotide synthesis, gene synthesis covering the revenue growth of each sub-segment from 2018 to 2030.
The DNA synthesis market in Norway is expected to witness steady growth over the forecast period. Growth can be attributed to the advancements in research, expanding applications, and increasing awareness of personalized medicine. Companies that navigate challenges adapt to the evolving landscape and develop strategic partnerships.
In addition, the growing prevalence of lung cancer in the country is expected to support market growth over the forecast period. Oligonucleotide synthesis, the process of creating short single-stranded DNA molecules, has the potential for lung cancer diagnosis, treatment, and prevention. Norway has a high prevalence of lung cancer cases.
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Horizon Databook provides a detailed overview of country-level data and insights on the Norway dna synthesis market, including forecasts for subscribers. This country databook contains high-level insights into Norway dna synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway dna synthesis market report size, by service type, 2018-2030 (US$M)
Norway DNA Synthesis Market Share, 2023 & 2030 (US$M)
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